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RHI Magnesita India Ltd

Buy RHI Magnesita India Ltd CMP 530 Price 530 Target 615 Stop loss 487 Holding Periond 30 Days

* The stock price trading at Rs. 530.00 on 01 AUG 2025.

* RHIM has formed a symmetrical triangle pattern on the daily chart, indicating a potential bullish reversal.

* The pattern was decisively broken with strong volume, confirming the breakout. Post breakout, the stock is showing strength and is currently trading above both the 50-day EMA and 200-day EMA, indicating a positive shift in trend.

* RSI is also trading at above 60. rsi indiccating strength in this breakout.

* Based on the current price action, we expect the stock to move higher toward the Rs.610 -Rs.615 levels. A stop loss can be maintained at 487 to manage risk effectively.

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SEBI Registration No.: INZ000198735, Research Analyst: INH000006448, PMS: INP000006785